TCS, Infosys, Wipro, other IT stocks in focus as Accenture lowers FY26 guidance; ADRs crash up to 10%
- Posted on June 19, 2026
- By Business News Today
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- 1 min read
TCS, Infosys, Wipro, other IT stocks in focus as Accenture lowers FY26 guidance; ADRs crash up to 10%
Accentures trimmed FY26 revenue guidance and softer outlook on discretionary IT spending triggered a global sell-off, dragging Indian IT ADRs, with Infosys falling 10% and Wipro nearly 4%. The development raises concerns for TCS, Infosys, Wipro and peers amid weak enterprise tech demand, despite continued AI and cloud investments.
